RadioShack Corp. offered strong fourth-quarter and full-year results, but its 2005 outlook disappointed investors. The company's stock was down almost 10 percent to $30.11 per share following the news. RadioShack reported net income of $130.9 million, or 81 cents per diluted share, for the...
Nextel Communications Inc., which is in the process of merging with Sprint Corp., posted a 19-percent increase in total revenues during the fourth quarter from $3 billion in 2003 to $3.6 billion last year. Analysts were expecting the carrier to post around $3.5 billion...
SCHAUMBURG, Ill.-Motorola Inc. announced it will offer a quarterly dividend of 4 cents per share, payable in cash April 15 to stockholders. The dividend is the company's 232nd consecutive quarterly dividend.Motorola's stock was trading at around $16.04 Tuesday, down slightly from its opening price.Ten...
BETHLEHEM, Pa.-Public-safety technology company Padcom Inc. secured $10 million in equity financing, which the company said it will use to expand its product portfolio and market development efforts.The company also said it will use the funds to develop and protect its intellectual property in...
SEATTLE-Publisher Blue Frog Mobile is suing to protect its Bling.The wireless publisher said it has filed suit in U.S. Federal District Court to prevent French media company Lagardere North America Inc. from using "Bling Tones," which Lagardere has named its new mobile music division....
LOUISVILLE, Ky.-U.S. Wireless Online and Air2Lan have entered an agreement to merge. The companies said the transaction will create one of the largest wireless Internet broadband companies in the nation. As part of the deal, Air2Lan will receive restricted shares of US Wireless Online...
FOSTER CITY, Calif.-Venture-capital company BA Venture Partners said it closed BAVP Fund VII, a $400 million fund it will invest during the next four years. "We're planning to invest close to $150 million of the new fund in the digital consumer space, which for...
The wireless industry's record customer growth during the final three months of 2004 received contributions last week from a regional operator and a pair of affiliates, showing-though proportionally smaller than the numbers posted by the industry's heavyweights-that there is still room for growth regardless...
The multi-billion dollar wireless industry remains a good bet for investors despite the cutthroat nature of the market and the always-evolving technology, according to reports. However, the sector will continue to have its share of winners and losers. According to a report from investment...
SAN DIEGO-PC card and wireless modem maker Novatel Wireless Inc. reported fourth-quarter results in line with its reduced guidance, news that sent the company's stock up almost 10 percent to $13.16 per share. The announcement comes as Novatel's main rival Sierra Wireless Inc. faces...
Sprint PCS affiliate US Unwired Inc. reported 26,729 net customer additions during the fourth quarter of last year, which was a 21-percent improvement compared with the 22,089 subscribers the carrier added during the final three months of 2003. Full-year customer growth increased 58 percent...
BOULDER, Colo.-Telematics company Cellport Systems said it is suing Porsche North America Inc. for patent infringement.Cellport also has filed similar lawsuits against Bury GmbH & Co., THB USA Inc. and Henry Bury Mielec Sp.The lawsuit, filed in Maryland Federal District Court, seeks damages and...
Over-the-air software developer Insignia Solutions announced plans to acquire mi4e Device Management AB, a Swedish provider of device management software. Insignia said the deal will allow it to offer "a more complete solution to mobile network operators and handset manufacturers." The sale is expected...
LINCOLNSHIRE, Ill.-Motient Corp. announced it will up its stake in Mobile Satellite Ventures to 49 percent, just under what it needs to control the company. Motient's stock was up more than 10 percent on the news to about $32.35 per share.Motient said it closed...
TAMPA, Fla.-Syniverse Holdings Inc.'s initial public offering did little to rally investors as the company's stock remained relatively flat during its first morning of trading. The company is offering around 17 million shares for $16 per share in order to raise about $282 million.Syniverse's...
STOCKHOLM, Sweden-Ericsson largely beat Wall Street expectations with its solid fourth-quarter results, but investors sent the stock down more than 8 percent to $28.27 per share. The move comes as investors drop stocks from a variety of wireless gear makers following impressive fourth-quarter showings,...
WALL, N.J.-Regional wireless provider Centennial Communications Corp. said it has amended its senior secured credit facility, lowering the interest rate on term loan borrowing by 50 basis points through the reduction in the LIBOR spread from 2.75 percent to 2.25 percent. Centennial noted the...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc., which is in the process of being acquired by fellow affiliate Alamosa Holdings Inc., reported a 13.1-percent increase in revenues during its first fiscal quarter ended Dec. 31-from $81.5 million in 2003 to $92.2 million last year. Despite...
REDMOND, Wash.-Microsoft Corp. acquired privately held anti-virus company Sybari Software Inc., a move that further bolsters Microsoft's anti-virus and anti-spam offerings. Terms of the deal were not disclosed."Enterprise customers face a complex set of attacks through their e-mail and collaboration infrastructure," said Mike Nash,...
CHICAGO-Regional wireless operator U.S. Cellular Corp. said it added 150,000 net customers during the fourth quarter of last year, which was in line with estimates and ahead of the 141,000 subscribers the carrier added during the fourth quarter of 203. The year-over-year increase was...
SAN FRANCISCO-Sprint PCS may be near selling its tower business to Global Signal Inc. for $1.2 billion, according to press speculations.The deal, which entails up to 6,500 towers, is expected to be announced today.Global Signal has been one of the top contenders for the...
CONSHOHOCKEN, Pa.-Sprint PCS affiliate UbiquiTel Inc. reported 15,100 net customer additions during the fourth quarter of last year, which was short of the 22,700 customers the carrier added during the fourth quarter of 2003 and below estimates of around 22,000 net subscriber additions. Contributing...
ORLAND PARK, Ill.-Andrew Corp. said it expects to record a fiscal second-quarter charge of between $15 million and $20 million for the cost to replace and repair a defective component supplied by a third party in certain base station subsystem product lines."We have identified...
TORONTO-Wireless Age Communications Inc. said it has signed a letter of intent to acquire Mmwave Technologies Inc.Specific details of the proposed merger have not been disclosed, however Wireless Age said the acquisition is expected to be a stock-for-stock transaction and should close in March.Mississauga,...
